HAVERFORD LOFTS
43 Units | University City
Overview
- Offering Price $10,600,000
- Residential Units 43
- Pro Forma CAP Rate 6.7%
- Price / Unit $246,512
- Building RSF 26,327 RSF
- Building GSF 34,500 GSF
Haverford Lofts is situated within blocks of nationally and internationally known institutions on the cutting edge of healthcare, science, research, and technology, and boasts a highly skilled eds and meds tenant base. The Property was fully leased within three months due to the quality of units and its proximity to these universities, hospitals, and other institutions.
Residents of Haverford Lofts are within walking distance of the campuses of Drexel University and the University of Pennsylvania, Penn Medicine complex, and Children’s Hospital of Philadelphia. Further, the rapidly expanding UCity Science Center, Saint Joseph’s University, and VA Medical Center are nearby.
In late 2022, Drexel University’s Health Sciences Building opened a few blocks from Haverford Lofts at 60 North 36th Street (±10-minute walk). This 12-story, 460,000-square foot, state-of-the-art building brings together the College of Nursing and Health Professions, the College of Medicine, and the Graduate School of Biomedical Sciences and Professional Studies, enhancing collaboration, research, and practice opportunities.
Completed in May 2024, Haverford Lofts comprises 43 units and utilizes a “student-friendly market rate” leasing strategy. The luxury apartment units feature designer finishes and hardware, stainless steel appliances, quartz counters, LVT flooring, subway tile backsplash, sleek modern cabinetry, in-unit washers/dryers, and Juliet balconies (in select units). Haverford Lofts is fully amenitized and offers residents a gym room, a study lounge, bike storage, Amazon Lockers, a package room, and an expansive rooftop deck.
Haverford Lofts is a true transit-friendly property. Residents are within walking distance of trolley, bus, light rail, and subway lines. SEPTA’s 40th and Market Street Station (Market-Frankford Line) is a ±10-minute walk/5-minute bike ride from the Property for trips into Center City and the surrounding suburbs. Additionally, major highways, including Interstates 76, and 676 for daily commuters, are nearby to provide unparalleled access to the Philadelphia Region.
Newly constructed Haverford Lofts presents an excellent opportunity to acquire a turnkey property that attracts an eds and meds tenant base in the expanding University City section of Philadelphia.